EUR/JPY Confirmation Entry Trend Continuation Setup – LIVE Trade Analysis

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<img width="900" height="418" src="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/1-1024×476.png" class="attachment-large size-large wp-image-16934" alt="" loading="lazy" srcset="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/1-1024×476.png 1024w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/1-300×140.png 300w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/1-768×357.png 768w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/1.png 1365w" sizes="(max-width: 900px) 100vw, 900px" /> </div>
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<h2>analysis</h2> </div>
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<p><span>This is a basic trend setup, where the price makes a valid 1^st push-up, and I look to trade for the 2^nd push-up. The level that stood out to me here is the daily highs from the 23^rd of March. However, the price did not have a clean break of that level.</span></p><p><span>To fix this, you must know that <a href="https://www.daytradingforexlive.com/basics-of-manipulation-point-selection/"><strong>manipulation points</strong></a> are price zones. However, the DTFL bank trading strategy requires an exact level (to the pip). In the above scenario, I decide to go for the most significant level, but I do not have a clean break, so I would use the closest secondary option. </span></p><p><span>The level selected here is the 133.78 level, just shy of the daily highs of the 23^rd.</span></p> </div>
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<h2>setup</h2> </div>
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<img width="900" height="504" src="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/ej-rade-25th-2-1024×573.png" class="attachment-large size-large wp-image-16936" alt="" loading="lazy" srcset="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/ej-rade-25th-2-1024×573.png 1024w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/ej-rade-25th-2-300×168.png 300w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/ej-rade-25th-2-768×429.png 768w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/ej-rade-25th-2.png 1159w" sizes="(max-width: 900px) 100vw, 900px" /> </div>
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<img width="900" height="22" src="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/4.png" class="attachment-large size-large wp-image-16937" alt="" loading="lazy" srcset="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/4.png 927w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/4-300×7.png 300w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/4-768×19.png 768w" sizes="(max-width: 900px) 100vw, 900px" /> </div>
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<p><span>Price bounced off this level during the Asian session, further strengthening my conviction in an upside bounce.</span></p><p><span>We then have price come back to create a <strong><a href="https://www.daytradingforexlive.com/exploit-daily-stop-runs-for-short-term-day-trading-live-trade-gbp-jpy/">stop run during the London session</a></strong> with confirmation at 18 pips from the low. In this scenario, we would opt for an entry on a pullback to 15 pips from the low for a 20 pip stop loss. Price gave us the required pullback on the 3rd candle in the count. </span></p> </div>
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<h2>Trade management </h2> </div>
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<img width="900" height="504" src="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/2-1024×573.png" class="attachment-large size-large wp-image-16935" alt="EUR/JPY long – March 25th 2022" loading="lazy" srcset="https://www.daytradingforexlive.com/wp-content/uploads/2022/04/2-1024×573.png 1024w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/2-300×168.png 300w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/2-768×429.png 768w, https://www.daytradingforexlive.com/wp-content/uploads/2022/04/2.png 1159w" sizes="(max-width: 900px) 100vw, 900px" /> </div>
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<p><span>The price continued ranging around the entry point before breaking out and continuing in our direction. I moved my stop loss to break even at 60% to full take profit, the price quickly hit full take profit in very little time.</span></p><p><span>Interested in learning more? Check out our</span> <strong><a href="https://www.daytradingforexlive.com/day-trading-forex-education-course/">Advanced Bank Trading Course &amp; Live Training Room by Clicking Here</a>.</strong></p><p><span>-Kevin</span></p> </div>
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</div><p>The post <a href="https://www.daytradingforexlive.com/eur-jpy-confirmation-entry-trend-continuation-setup-live-trade-analysis/">EUR/JPY Confirmation Entry Trend Continuation Setup – LIVE Trade Analysis</a> first appeared on <a href="https://www.daytradingforexlive.com">Day Trading Forex Live – Advanced Forex Bank Trading Strategies</a>.</p>